PDV Prime Dividend Corp

Prime Dividend Corp. ("Prime Dividend") declares its regular monthly distribution of $0.06250 (5.00% annualized) for each Class A share which reflects the distribution policy of prime rate in Canada (2.50% as at June 15, 2010) plus 2% annually. Prime Dividend also declares its regular monthly distribution of $0.04167 (5.00% annualized) for each Preferred share which reflects the distribution policy of prime rate plus 0.75% annually. An annual Class A and Preferred share payment of 5.00% is the minimum payment as per the prospectus. Distributions are payable July 9, 2010 to shareholders on record as of June 30, 2010.

Since inception Class A shareholders have received a total of $4.29 per share and Preferred shareholders have received a total of $2.72 per share inclusive of this distribution, for a combined total of $7.01 per share.

Prime Dividend invests in a portfolio of high yielding Canadian Companies as follows:

Banks            Investment Management Life Insurance      Utilities & Other

Bank of Montreal AGF Management Ltd.   Great-West Lifeco   BCE Inc.
Inc.
Bank of Nova     CI Financial Corp.    Manulife Financial  TransAlta Corp
Scotia                                 Corp.
CIBC             IGM Financial Inc.    Sun Life Financial  TransCanada Corp
Inc.
National Bank of                                           Power Financial
Canada                                                     Corp.
Royal Bank of                                              TMX Group Inc.
Canada
Toronto-Dominion
Bank

Shares held within the Portfolio will generally represent no less than 4%
and no more than 8% of the net asset value.


Distribution Details:
Class A Share (PDV)                      $0.06250
Preferred Share (PDV.PR.A)               $0.04167
Ex-Dividend Date:                        June 28, 2010
Record Date:                             June 30, 2010
Payable Date:                            July 9, 2010

Contacts: Prime Dividend Corp. Investor Relations 416-304-4443 or Toll free at 1-877-4-Quadra (1-877-478-2372) www.primedividend.com